Islamabad:
The federal government has decided to reduce the prices of electricity, with a proposed reduction of RS2 per unit for the second quarter of the year 2024-25.
Electricity distribution companies have already submitted their requests for adjustment to the National Electric Power Regulatory Authority (NEPRA) for approval.
If they are approved, revised rates will come into force from March 2025, offering consumers more than 52 billion rupees.
The Nepra should hold a public hearing on the issue on February 12. Price reduction will be reflected in electricity bills for March, April and May.
The quarterly adjustment will also apply to electric consumers K, although consumers of the lifeline are not eligible for relief.
Last week, the CEO of State of the Central State of Purchase (CPPA), Rehan Akhtar, revealed that electricity consumers of all distribution companies belonging to the State (disco) do not would see that a reduction of 28 points per unit of fuel costs for February, despite an RS1. 04 per unit lower cost based on the consumption of December 2024.
He explained that disco consumers had already paid for a negative fuel load (FCA) adjustment of 76 pastures per unit in January for the consumption of November and had proposed RS1.04 per unit for February according to the use of December. Consequently, the net reduction would only be 28 Neck per unit.
Meanwhile, the Pakistani government failed to convince the International Monetary Fund (IMF) to approve a reduction in the sales tax on electricity bills.
Sources have revealed that the IMF had rejected a request from the Pakistani Ministry of Energy, which had requested tax relief to facilitate the financial burden of consumers.
